Africa Ptb Ratio vs Roic Analysis

AFE Stock

CAD 0.03 0.01 25.00%

Africa Energy financial indicator trend analysis is way more than just evaluating Africa Energy Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Africa Energy Corp is a good investment. Please check the relationship between Africa Energy Ptb Ratio and its Roic accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Africa Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Ptb Ratio vs Roic

Ptb Ratio vs Roic Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Africa Energy Corp Ptb Ratio account and Roic. At this time, the significance of the direction appears to have pay attention.

The correlation between Africa Energy's Ptb Ratio and Roic is -0.88. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Roic in the same time period over historical financial statements of Africa Energy Corp, assuming nothing else is changed. The correlation between historical values of Africa Energy's Ptb Ratio and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of Africa Energy Corp are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Ptb Ratio i.e., Africa Energy's Ptb Ratio and Roic go up and down completely randomly.

Correlation Coefficient

-0.88

Relationship Direction	Negative
Relationship Strength	Significant

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Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.

Most indicators from Africa Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Africa Energy Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Africa Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Enterprise Value is likely to climb to about 171.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 4 M in 2024.

	2022	2023	2024 (projected)
Reconciled Depreciation	14K	9K	8.6K
Interest Income	98K	95K	107.3K

Reconciled Depreciation Interest Income

Africa Energy fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Other Current Liab	Accounts Payable	Non Current Assets Total	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Intangible Assets	Net Tangible Assets	Short Long Term Debt	Short Term Debt	Property Plant And Equipment Net	Property Plant Equipment	Net Invested Capital	Long Term Investments
Total Assets		0.2	1.0	-0.21	-0.26	0.36	0.36	0.08	0.38	0.35	0.77	0.02	0.32	0.98	-0.16	0.72	0.07	0.32	-0.12	0.79	-0.35	-0.56	-0.6	-0.62	0.93	0.93
Total Current Liabilities	0.2		0.18	-0.39	0.33	0.39	0.39	0.25	0.59	0.4	-0.11	0.68	0.5	0.14	0.16	-0.14	0.16	-0.03	0.29	-0.13	0.14	0.11	0.07	0.05	0.0	0.01
Total Stockholder Equity	1.0	0.18		-0.21	-0.25	0.36	0.36	0.06	0.35	0.35	0.76	0.01	0.3	0.98	-0.16	0.72	0.05	0.32	-0.12	0.79	-0.36	-0.56	-0.6	-0.61	0.93	0.93
Net Debt	-0.21	-0.39	-0.21		-0.5	-0.96	-0.96	-0.64	0.0	-0.96	0.2	-0.18	0.34	-0.1	-0.4	0.33	0.39	0.18	-0.22	0.22	-0.23	-0.31	-0.37	-0.35	-0.01	0.02
Retained Earnings	-0.26	0.33	-0.25	-0.5		0.31	0.31	0.2	-0.27	0.33	-0.8	0.21	-0.52	-0.26	0.7	-0.8	-0.45	-0.65	0.77	-0.74	0.78	0.85	0.8	0.78	-0.51	-0.52
Cash	0.36	0.39	0.36	-0.96	0.31		1.0	0.74	0.23	1.0	0.03	0.17	-0.18	0.25	0.37	-0.12	-0.18	-0.12	0.16	0.01	0.15	0.16	0.18	0.17	0.17	0.16
Cash And Short Term Investments	0.36	0.39	0.36	-0.96	0.31	1.0		0.74	0.23	1.0	0.03	0.17	-0.18	0.25	0.37	-0.12	-0.18	-0.12	0.16	0.01	0.15	0.16	0.18	0.17	0.17	0.16
Other Stockholder Equity	0.08	0.25	0.06	-0.64	0.2	0.74	0.74		0.43	0.75	-0.04	0.28	-0.12	-0.01	0.55	-0.11	0.23	-0.35	0.17	-0.05	0.27	0.2	0.11	0.12	-0.07	-0.06
Total Liab	0.38	0.59	0.35	0.0	-0.27	0.23	0.23	0.43		0.24	0.46	0.44	0.74	0.35	0.09	0.41	0.76	0.02	0.06	0.45	-0.04	-0.26	-0.42	-0.41	0.31	0.33
Total Current Assets	0.35	0.4	0.35	-0.96	0.33	1.0	1.0	0.75	0.24		0.01	0.18	-0.18	0.24	0.39	-0.14	-0.17	-0.14	0.18	0.0	0.17	0.17	0.2	0.18	0.16	0.14
Common Stock	0.77	-0.11	0.76	0.2	-0.8	0.03	0.03	-0.04	0.46	0.01		-0.12	0.55	0.76	-0.48	0.96	0.4	0.53	-0.5	0.98	-0.64	-0.85	-0.88	-0.87	0.89	0.89
Other Current Liab	0.02	0.68	0.01	-0.18	0.21	0.17	0.17	0.28	0.44	0.18	-0.12		0.45	0.05	0.41	-0.07	0.4	-0.13	0.19	-0.08	0.07	0.0	-0.12	-0.13	-0.05	-0.05
Accounts Payable	0.32	0.5	0.3	0.34	-0.52	-0.18	-0.18	-0.12	0.74	-0.18	0.55	0.45		0.33	-0.32	0.54	0.73	0.36	-0.22	0.54	-0.39	-0.55	-0.62	-0.61	0.39	0.4
Non Current Assets Total	0.98	0.14	0.98	-0.1	-0.26	0.25	0.25	-0.01	0.35	0.24	0.76	0.05	0.33		-0.1	0.75	0.13	0.28	-0.1	0.81	-0.33	-0.56	-0.62	-0.64	0.94	0.94
Net Receivables	-0.16	0.16	-0.16	-0.4	0.7	0.37	0.37	0.55	0.09	0.39	-0.48	0.41	-0.32	-0.1		-0.48	0.14	-0.77	0.65	-0.36	0.74	0.66	0.49	0.49	-0.31	-0.31
Common Stock Shares Outstanding	0.72	-0.14	0.72	0.33	-0.8	-0.12	-0.12	-0.11	0.41	-0.14	0.96	-0.07	0.54	0.75	-0.48		0.41	0.57	-0.54	0.95	-0.7	-0.9	-0.92	-0.91	0.87	0.88
Non Current Liabilities Total	0.07	0.16	0.05	0.39	-0.45	-0.18	-0.18	0.23	0.76	-0.17	0.4	0.4	0.73	0.13	0.14	0.41		-0.02	-0.12	0.44	-0.11	-0.31	-0.48	-0.46	0.18	0.21
Other Current Assets	0.32	-0.03	0.32	0.18	-0.65	-0.12	-0.12	-0.35	0.02	-0.14	0.53	-0.13	0.36	0.28	-0.77	0.57	-0.02		-0.67	0.44	-0.93	-0.8	-0.59	-0.6	0.44	0.44
Intangible Assets	-0.12	0.29	-0.12	-0.22	0.77	0.16	0.16	0.17	0.06	0.18	-0.5	0.19	-0.22	-0.1	0.65	-0.54	-0.12	-0.67		-0.44	0.85	0.76	0.57	0.57	-0.42	-0.42
Net Tangible Assets	0.79	-0.13	0.79	0.22	-0.74	0.01	0.01	-0.05	0.45	0.0	0.98	-0.08	0.54	0.81	-0.36	0.95	0.44	0.44	-0.44		-0.56	-0.8	-0.85	-0.84	0.91	0.92
Short Long Term Debt	-0.35	0.14	-0.36	-0.23	0.78	0.15	0.15	0.27	-0.04	0.17	-0.64	0.07	-0.39	-0.33	0.74	-0.7	-0.11	-0.93	0.85	-0.56		0.92	0.74	0.75	-0.56	-0.55
Short Term Debt	-0.56	0.11	-0.56	-0.31	0.85	0.16	0.16	0.2	-0.26	0.17	-0.85	0.0	-0.55	-0.56	0.66	-0.9	-0.31	-0.8	0.76	-0.8	0.92		0.92	0.92	-0.76	-0.76
Property Plant And Equipment Net	-0.6	0.07	-0.6	-0.37	0.8	0.18	0.18	0.11	-0.42	0.2	-0.88	-0.12	-0.62	-0.62	0.49	-0.92	-0.48	-0.59	0.57	-0.85	0.74	0.92		1.0	-0.76	-0.77
Property Plant Equipment	-0.62	0.05	-0.61	-0.35	0.78	0.17	0.17	0.12	-0.41	0.18	-0.87	-0.13	-0.61	-0.64	0.49	-0.91	-0.46	-0.6	0.57	-0.84	0.75	0.92	1.0		-0.77	-0.78
Net Invested Capital	0.93	0.0	0.93	-0.01	-0.51	0.17	0.17	-0.07	0.31	0.16	0.89	-0.05	0.39	0.94	-0.31	0.87	0.18	0.44	-0.42	0.91	-0.56	-0.76	-0.76	-0.77		1.0
Long Term Investments	0.93	0.01	0.93	0.02	-0.52	0.16	0.16	-0.06	0.33	0.14	0.89	-0.05	0.4	0.94	-0.31	0.88	0.21	0.44	-0.42	0.92	-0.55	-0.76	-0.77	-0.78	1.0

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Africa Energy Account Relationship Matchups

Africa Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	41.9M	244.0M	267.2M	257.4M	138.8M	103.0M
Total Current Liabilities	444K	1.8M	1.7M	3.4M	161K	153.0K
Total Stockholder Equity	41.4M	242.2M	265.6M	249.0M	131.8M	99.8M
Net Debt	(2.4M)	(19.6M)	(10.9M)	(1.8M)	5.1M	5.4M
Retained Earnings	(118.2M)	(122.5M)	(100.9M)	(121.7M)	(241.5M)	(229.4M)
Cash	2.4M	19.6M	10.9M	6.8M	1.7M	1.6M
Cash And Short Term Investments	2.4M	19.6M	10.9M	6.8M	1.7M	1.6M
Liabilities And Stockholders Equity	41.9M	244.0M	267.2M	257.4M	138.8M	103.0M
Other Stockholder Equity	7.0M	6.8M	8.1M	10.1M	12.7M	8.5M
Total Liab	464K	1.8M	1.7M	8.4M	7.0M	7.3M
Total Current Assets	2.6M	20.0M	11.2M	7.3M	1.8M	1.7M
Common Stock	152.6M	357.9M	358.4M	360.6M	414.7M	435.4M
Accounts Payable	413K	1.8M	1.7M	3.4M	3.9M	4.1M
Non Current Assets Total	39.4M	224.0M	256.1M	250.2M	137.0M	109.8M
Net Receivables	63K	151K	194K	344K	56K	53.2K
Common Stock Shares Outstanding	683.9M	873.8M	1.4B	1.4B	1.4B	1.5B
Non Current Liabilities Total	78K	20K	0.0	5M	6.8M	7.2M
Intangible Assets	6.8M	7.0M	7.2M	6.5M	5.9M	5.6M
Net Tangible Assets	34.4M	235.1M	259.0M	249.0M	286.4M	300.7M
Property Plant And Equipment Net	22K	74K	42K	10K	1K	950.0
Property Plant Equipment	22K	74K	42K	10K	9K	8.6K
Net Invested Capital	41.4M	242.2M	265.6M	254.0M	138.7M	156.9M
Long Term Investments	32.3M	216.8M	249.5M	250.2M	137M	145.7M
Net Working Capital	2.1M	18.2M	9.5M	3.9M	1.7M	1.6M
Capital Stock	152.6M	357.9M	358.4M	360.6M	414.7M	319.5M

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